Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12160446 Mr Ashley O'Donovan Mr Adrian O'Donovan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12160446 2023-12-31 12160446 2024-12-31 12160446 2024-01-01 2024-12-31 12160446 frs-core:CurrentFinancialInstruments 2024-12-31 12160446 frs-core:Non-currentFinancialInstruments 2024-12-31 12160446 frs-core:BetweenOneFiveYears 2024-12-31 12160446 frs-core:ComputerEquipment 2024-12-31 12160446 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12160446 frs-core:ComputerEquipment 2023-12-31 12160446 frs-core:FurnitureFittings 2024-12-31 12160446 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12160446 frs-core:FurnitureFittings 2023-12-31 12160446 frs-core:MotorVehicles 2024-12-31 12160446 frs-core:MotorVehicles 2024-01-01 2024-12-31 12160446 frs-core:MotorVehicles 2023-12-31 12160446 frs-core:PlantMachinery 2024-12-31 12160446 frs-core:PlantMachinery 2024-01-01 2024-12-31 12160446 frs-core:PlantMachinery 2023-12-31 12160446 frs-core:WithinOneYear 2024-12-31 12160446 frs-core:ShareCapital 2024-12-31 12160446 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12160446 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12160446 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12160446 frs-bus:SmallEntities 2024-01-01 2024-12-31 12160446 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12160446 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12160446 frs-bus:Director1 2024-01-01 2024-12-31 12160446 frs-bus:Director2 2024-01-01 2024-12-31 12160446 frs-countries:EnglandWales 2024-01-01 2024-12-31 12160446 2022-12-31 12160446 2023-12-31 12160446 2023-01-01 2023-12-31 12160446 frs-core:CurrentFinancialInstruments 2023-12-31 12160446 frs-core:Non-currentFinancialInstruments 2023-12-31 12160446 frs-core:BetweenOneFiveYears 2023-12-31 12160446 frs-core:WithinOneYear 2023-12-31 12160446 frs-core:ShareCapital 2023-12-31 12160446 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12160446
A&M Ventilation Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
TAG Accountants Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12160446
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 242,234 270,263
242,234 270,263
CURRENT ASSETS
Stocks 5 94,570 42,633
Debtors 6 190,669 278,610
Cash at bank and in hand 83,668 151,155
368,907 472,398
Creditors: Amounts Falling Due Within One Year 7 (258,788 ) (297,161 )
NET CURRENT ASSETS (LIABILITIES) 110,119 175,237
TOTAL ASSETS LESS CURRENT LIABILITIES 352,353 445,500
Creditors: Amounts Falling Due After More Than One Year 8 (166,304 ) (202,880 )
NET ASSETS 186,049 242,620
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 185,949 242,520
SHAREHOLDERS' FUNDS 186,049 242,620
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ashley O'Donovan
Director
15th September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
A&M Ventilation Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12160446 . The registered office is A&M Ventilation Supplies Ltd, Gomer Street West, Willenhall, West Midlands, WV13 2NR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% RBM
Motor Vehicles 20% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 33% SLM
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 123,080 223,547 1,020 4,671 352,318
Additions - 51,395 382 348 52,125
Disposals - (25,000 ) - - (25,000 )
As at 31 December 2024 123,080 249,942 1,402 5,019 379,443
Depreciation
As at 1 January 2024 62,742 15,133 675 3,505 82,055
Provided during the period 12,068 44,140 122 862 57,192
Disposals - (2,038 ) - - (2,038 )
As at 31 December 2024 74,810 57,235 797 4,367 137,209
Net Book Value
As at 31 December 2024 48,270 192,707 605 652 242,234
As at 1 January 2024 60,338 208,414 345 1,166 270,263
5. Stocks
2024 2023
£ £
Stock 94,570 42,633
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 137,153 235,493
Prepayments and accrued income 46,607 36,208
Other debtors 6,909 6,909
190,669 278,610
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,389 39,854
Trade creditors 119,544 157,557
Bank loans and overdrafts 10,000 10,000
Corporation tax 12,205 2,670
VAT 22,480 49,840
Other creditors 6,820 -
Accruals and deferred income 32,550 17,340
Directors' loan accounts 9,800 19,900
258,788 297,161
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 162,137 188,713
Bank loans 4,167 14,167
166,304 202,880
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 45,389 39,854
Later than one year and not later than five years 162,137 188,713
207,526 228,567
207,526 228,567
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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